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Saturday August 3, 2013 5:13 AM

COLUMBUS

Worthington Industries boosts stake in joint venture

Worthington Industries has increased its stake in a joint venture, Tailor Welded Blanks, and is
now majority owner.

The venture, owned with Wuhan Iron and Steel Co. of China, produces metal parts for the
automotive market.

Worthington, a Columbus-based manufacturer, now owns 55 percent of the venture, up from 45
percent. Financial terms of the deal were not disclosed.

Tailor Welded Blanks, or TWB, has seven locations in North America and nine in Europe and Asia.
It had

$344 million in sales for the most recent fiscal year.

WASHINGTON

Orders to U.S. factories hit new high, government says

Orders placed with U.S. factories rose to a record high in June, boosted by strong demand for
airplanes, machinery and autos.

Factory orders rose 1.5 percent in June compared with May, when orders had risen

3 percent, the Commerce Department said yesterday. The gains pushed total orders to a record
$496.7 billion.

M cLEAN, VA.

Gannett cutting jobs in newspaper division

USA Today publisher Gannett said yesterday that it is eliminating an unspecified number of
jobs in its newspaper division.

Jeremy Gaines, a spokesman for the McLean, Va.-based company, declined to say where the cuts are
taking place. He said the newspapers are making the cuts to bring their business plans into line
with local market conditions.

Gannett is the country’s largest publisher of newspapers by circulation.

SEATTLE

Amazon unveils feature similar to Pinterest

Amazon.com Inc. has launched a Pinterest-like section on its website, something that could
induce shoppers to buy more goods from the retail giant.

The company quietly unveiled Collections, which it calls a “test feature,” to which customers
can add pictures or products from Amazon’s vast catalogue to show off their style taste, the types
of books they like, and the goods they hope to someday own. Shoppers can add to their Collections
by clicking a plus symbol with the words
Add to Collection below the picture of the item on the Amazon product page.

CINCINNATI

Appeals court tosses out settlement of Pampers suit

A Procter & Gamble Co. settlement of a consumer lawsuit over its Pampers “Dry Max” diapers
has been overturned by a U.S. appeals court that called the relief afforded to most customers “
illusory.”

The Cincinnati-based panel’s 2-1 ruling yesterday quashed a 2011 agreement that it said gave
named plaintiffs $1,000 per affected child, their lawyers $2.73 million “and provides the unnamed
class members with nothing but nearly worthless injunctive relief.”

The litigation began in 2010 after complaints that the diapers tended to cause a severe diaper
rash.